According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

Properites in CESEE countries have become financial pitfalls. Investors – among them many Austrians do not seem to have a chance of getting out of the misery. There is still a boom in real estate investments in Poland. However, there is a slow but steady reversal in trend. Wiltschnigg, former CEO of Immofinanz, explains that there is dangerous development in Warsaw. Because of the…